Du Toit sets out to break china for his growing list of clients

South-African based IAM has grown from a niche player to a sizeable investment bank, boasting rising profits

If there is fun to be found in fund management, Hendrik du Toit, chief executive of Investec Asset Management, will extract it.

He does not deny that IAM has been offering top decile remuneration packages to new recruits, such as ex-Schroder head of research Nick Mottram. 'But I honestly believe that there is more to life than money. At Investec we need to provide a happy environment where people can succeed.'